Patriot National mulls $474 m takeover bid

Fort Lauderdale-based Patriot National Inc., a national provider of technology and outsourcing services for insurance companies, employers, and other clients, announced it has received a $475 million takeover bid from Ebix Inc.

The offer follows an unsolicited offer received June 15 in which Ebix proposed acquiring 100 percent of Patriot National's outstanding stock for $9.50 a share.